Common use of Additional partial cancellation Clause in Contracts

Additional partial cancellation. The Borrowers may at any time during the Availability Period by notice to the Agent (effective only on actual receipt) cancel with effect from a date not less than ten (10) Banking Days after receipt by the Agent of such notice the whole but not part only, but without prejudice to its obligations under Clauses 11.7 and 21.2, of the Commitment of any Bank to which the Borrowers shall have become obliged to pay additional amounts under Clause 11.7 or 21.2. Upon any notice of such prepayment being given, the Commitment of the relevant Bank shall be reduced to zero and:-

Appears in 2 contracts

Samples: Agreement (Stena Ab), Agreement (Stena Ab)

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Additional partial cancellation. The Borrowers Borrower may also at any time during the Availability Period by notice to the Agent (effective only on actual receipt) cancel with effect from a date not less than ten thirty (1030) Banking Days after receipt by the Agent of such notice the whole but not part only, but without prejudice to its obligations under Clauses 11.7 7.7 and 21.217.2, of the Commitment of any Bank to which the Borrowers Borrower shall have become obliged to pay additional amounts under Clause 11.7 7.7 or 21.217.2. Upon any notice of such prepayment being given, the Commitment of the relevant Bank shall be reduced to zero and:-and the Borrower shall be obliged to prepay the Contribution of such Bank on such date.

Appears in 1 contract

Samples: Facility Agreement (Stena Ab)

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Additional partial cancellation. The Borrowers Borrower may at any time during the Availability Period by notice to the Agent (effective only on actual receipt) cancel with effect from a date not less than ten thirty (1030) Banking Days after receipt by the Agent of such notice the whole but not part only, but without prejudice to its obligations under Clauses 11.7 and 21.2, of the Commitment of any Bank to which the Borrowers Borrower shall have become obliged to pay additional amounts under Clause 11.7 or 21.2. Upon any notice of such prepayment being given, the Commitment of the relevant Bank shall be reduced to zero and:-

Appears in 1 contract

Samples: Facility Agreement (Stena Ab)

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